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PPP Loan Data — Armor Consolidated, Inc, Mason, OH

SBA PPP loan data, payroll data, and salaries for Armor Consolidated, Inc
OH

Armor Consolidated, Inc

Entity: Subchapter S Corporation

Industry: Fabricated Structural Metal Manufacturing

Location: Mason, OH

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Armor Consolidated, Inc is a subchapter s corporation located at 4600 Mason Montgomery Rd in Mason, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,505,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.51M

Jobs Retained:

316

Loan Approved:

2020-04-10

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Armor Consolidated, Inc in Mason, OH received a Paycheck Protection Loan of $4.51M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Armor Consolidated, Inc's total 2019 payroll expenses were approximately $21.63M in order to qualify for the PPP loan amount received.

Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $68,443 per employee1.

Because the loan received by Armor Consolidated, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Armor Consolidated, Inc in Mason, OH

Armor Consolidated, Inc
4600 Mason Montgomery Rd
Mason, OH 45040

Business Industry

Fabricated Structural Metal Manufacturing (NAICS code 332312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-01

Similar Companies near Mason

In the Mason area, 2 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 171 employees (compared to this company's 316) and received an average PPP loan of $2,376,903 (compared to this company's $4.51M).

Similar Nearby Businesses Who Received PPP Funding:

Bickers Metal Products,Inc
Miamitown, OH

$248,005 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,076 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $957,416,230.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 93% lower than Armor Consolidated, Inc's reported 316 employees, and received an average PPP loan of $311,254, 93% lower than this company's loan of $4.51M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/armor-consolidated-inc-mason-oh